Inflation Movements in April 2018
According to data of the Serbian Statistical Office, April saw a 0.4% rise in consumer prices. Monthly inflation was almost fully driven by rising prices of fresh vegetables, clothes and footwear and petroleum products.
Y-o-y inflation remained on a downward path, in line with the NBS expectations, at 1.1% in April. Y-o-y core inflation (CPI excluding the prices of food, energy, alcohol and cigarettes) remained low and stable at 0.8% in April, the same as in the month before.
The factors underlying inflation movements and NBS expectations for the period ahead will be discussed in more detail at the presentation of the Inflation Report on 17 May 2018.